VATAX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VATAX
Largest movements
- Cash +€3,197
up €3,197 (+78.6%), from €4,069 to €7,266
mainly Net result for the year (+€3,562) and Tax, wage and social debts (+€1,609)
- Tangible fixed assets -€332
down €332 (-37.5%), from €885 to €553
- Profit (loss) carried forward +€3,562
up €3,562 (+234.3%), from €1,520 to €5,082
- Other debts -€2,313
down €2,313 (-91.9%), from €2,518 to €205
- Tax, wage and social debts +€1,609
up €1,609 (+4963.3%), from €32 to €1,641
- Trade debts -€129
no longer reported in 2025 (was €129)
- Gross operating margin +€4,397
up €4,397 (+390.3%), from €1,127 to €5,523
- Depreciation -€942
down €942 (-71.1%), from €1,325 to €383
- Taxes +€891
new in 2025: €891
- Other operating charges +€498
up €498 (+421.7%), from €118 to €616
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,199 | €10,928 | +€2,729 | +33.3% |
| Fixed assets | 21/28 | €936 | €553 | -€383 | -40.9% |
| Intangible fixed assets | 21 | €51 | - | -€51 | |
| Tangible fixed assets | 22/27 | €885 | €553 | -€332 | -37.5% |
| Furniture and vehicles | 24 | €885 | €553 | -€332 | -37.5% |
| Current assets | 29/58 | €7,264 | €10,376 | +€3,112 | +42.8% |
| Amounts receivable within one year | 40/41 | €3,171 | €3,085 | -€85 | -2.7% |
| Trade receivables | 40 | €454 | €3,085 | +€2,632 | +580.0% |
| Other amounts receivable | 41 | €2,717 | - | -€2,717 | |
| Cash at bank and in hand | 54/58 | €4,069 | €7,266 | +€3,197 | +78.6% |
| Deferred charges and accrued income | 490/1 | €24 | €24 | = | 0.0% |
| Total equity and liabilities | 10/49 | €8,199 | €10,928 | +€2,729 | +33.3% |
| Equity | 10/15 | €5,520 | €9,082 | +€3,562 | +64.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,520 | €5,082 | +€3,562 | +234.3% |
| Amounts payable | 17/49 | €2,679 | €1,846 | -€833 | -31.1% |
| Amounts payable within one year | 42/48 | €2,679 | €1,846 | -€833 | -31.1% |
| Trade debts | 44 | €129 | - | -€129 | |
| Suppliers | 440/4 | €129 | - | -€129 | |
| Taxes, remuneration and social security | 45 | €32 | €1,641 | +€1,609 | +4963.3% |
| Taxes | 450/3 | €32 | €1,641 | +€1,609 | +4963.3% |
| Other amounts payable | 47/48 | €2,518 | €205 | -€2,313 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €383 | -€942 | -71.1% |
| Other operating charges | 640/8 | €118 | €616 | +€498 | +421.7% |
| Gross operating margin | 9900 | €1,127 | €5,523 | +€4,397 | +390.3% |
| Operating profit (loss) | 9901 | -€316 | €4,525 | +€4,841 | |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.4% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€388 | €4,453 | +€4,841 | |
| Income taxes | 67/77 | - | €891 | +€891 | |
| Profit (loss) for the period | 9904 | -€388 | €3,562 | +€3,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€388 | €3,562 | +€3,951 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.